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2013 13020419999* Computation of Penalty Due Based on Underpayment of Colorado Individual Estimated Tax DR 0204 (11/04/13) COLORADO DEPARTMENT OF REVENUE Denver, CO 802610005 www.TaxColorado.com Taxpayers
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What is 204 estimated tax?
204 estimated tax refers to the tax payment made during the tax year to cover the estimated income tax liability if the taxpayer does not have enough taxes withheld from their income.
Who is required to file 204 estimated tax?
Individuals, self-employed individuals, and businesses whose income is not subject to withholding tax are required to file 204 estimated tax.
How to fill out 204 estimated tax?
To fill out Form 204 estimated tax, taxpayers need to provide their personal information, estimate their income for the tax year, calculate the estimated tax due, and make the payment using the provided payment options.
What is the purpose of 204 estimated tax?
The purpose of 204 estimated tax is to ensure that individuals and businesses pay their estimated tax liability throughout the year rather than waiting until the end of the tax year.
What information must be reported on 204 estimated tax?
On Form 204 estimated tax, taxpayers must report their personal information, estimated income, deductions, and credits to calculate the estimated tax due.
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